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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Mike 2.0 who wrote (13504)12/29/1999 5:38:00 PM
From: Seeker of Truth  Read Replies (2) of 54805
 
Maybe this answers your question. On Dec. 22, two nice people took me out to a fine lunch. I advised them to buy QCOM immediately. They said thanks for the Xmas present of a good tip but I could tell that they thought close to 500 was too much to pay for a stock; it was way too expensive for their budget(???!!!). I was firm and eloquent but I doubt if they bought it and I don't want to embarrass them by asking them. But I think this unfortunately is a representative outlook, very typical of many people, not all of them low IQ either. My conclusion is that buying presplit is better because the "reduction" in price is tremendous so a lot more people will jump in. A split that converts a $70 stock into two shares for $35 is not as dramatic.
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